lower the market could go higher >> dan nathan. >> apple if you want to be contrarian play for a year end rally call to for december call spreads. >> see you back here next week on friday at firt. "mad money" with j cmeimrar starts right now my mission is simple -- to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere. and i promise to help you find it "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job, not just entertain but i'm entertaining and teaching. call me at 1-800-743-cnbc. tweet me we must never be blind to opportunity.

particularly if it's man-made. the market looked like it would have another bad down dad until richard clairita said while it's strong more data dependent meaning we're cautious about the speed and the rate hikes with these comments the market shed its initial gloom men president trump suggested the chinese want a trade deal badly. the dow only gained 124 points nasdaq declining 1.5%. now, immediately there were questions about whether the validity or the sincerity of both these statements was let's say called into question after all, he did say the economy is humming, i'm still scratching my head about how he could be so wrong. i mean, it was at one point. i started thinking, was it a lack of homework or maybe some sort of identiological thing

i'm 1-0 over the fed remember back in 2007 when i said they know nothing >> they know nothing. >> and it turned out that they really did, in fact, know nothing. i have to hope that this clarita fellow read the conference calls we got from 200 companies in the last few weeks hey, for heaven's sake maybe watch the darn show and watch which interview the ceos i don't know if they're focused. as for the president's remarks on china, total wild card. white house aides immediately anonymously tried to walk back the whole thing but who knows? maybe the chinese really do want to deal. maybe president trump was just giving us some of his usual hyperbole. as i said repeatedly if the fed declares victory in the war against inflation and i think they should if they take the next rate hike and the president gets substantive change the

market will come roaring back. on the other hand'fed keeps beating the economy over the head with a series of rate hikes and the president simply challenging us on the stocks will continued to get mauled by the bear which brings us to our truncated game plan. next week is thanksgiving. so we're going to have little to do after wednesday except eat. one day after the close we hear from l brands which used to be known as limited, and i think the chain run by -- remember i didn't say vulnerable but ven rational may be turning itself around because the company's closing underperforming divisions and i think that the stock may be done going down people have turned against fashion. have you noticed no matter what the fashion apparel companies have done they've all been getting hammered urban outfitters also reports monday the stock down big 52 to 37.

we'll hear about the others in a moment we get results from intuit and this tax preparer has blown away quarter after quarter after quarter. why do i think it's going to change it's fantastic tuesday morning we find out how housing starts are doing well, i guess if you listen to that clarita fellow they're strong business is booming, employment. all those things i bet they're dismal here's the dirty truth, homes have largely become unaffordable for many americans at these prices new homes are too expensive and mortgage rates have soared kb home, one of the best home builders told us that in the last month their business plummeted. this shock the everybody except those of us who have been doing the homework and the stock was obliterated. one of those details that should

be jarring to anyone at the fed with even half a brain now, i did some arithmetic and there are nine members of the oakland market committee hopefully they have at least 4 1/2 brains among them. we also hear from the last of the retailers starting with best buy and probably will go out with a bang. i suspect that they must know something. i'll be careful. i've been telling members of the club that they should own kohl's we've been buying for the established trust in this latest week and we'll keep buying kohl's even if they keep getting hit because we like management and think the company is in a multiyear comeback even as we knowledge every one of these has been bad lowe's is interesting. i know home depot laid an egg and the stock got creamed. lowe's is a special situation because it's got a new ceo marvin ellison and bringing back some of the old magic to the

change it really used to be electric there. i though that many money managers regard it nothing more than a housing play then adooms the stock. i beg to differ. it's a work in progress turnaround and ellis tolerates little sloppiness. ross stores has delivered repeatedly and reports at the same time as tjx you know what they've been big winners. kudos for them splitting their stock. so many ceos refuse to split their high dollar stocks and afraid big money managers are unhappy with having to pay more commissions when they buy or sell as they pay them per share not per transaction. yeah, these ceos afraid figure it's better not to split the stock so a fund can incur fewer costs and maybe that encourages funds to buy their stock that is so foolish n a market dominated by etfs the bigger the dollar amount the greatest the volatile and the buyers like you

don't want this at all who cares about the commission amounts? we don't want to scare people away from stocks if you want the best trade of the week, forget retail. i think you should buy medtronic. the giant medical device company that's been extraordinary as a performer. i was blown away by the ceo's plan after the close tuesday gap stores report and all i can say these guys are the kings of inconsistency. i'm always putting for them but they rarely deliver. don't fall into the gap and hear from foot locker for a lot this one has been too hard to figure out including this guy instead now it's about getting a window, a read into how nike and under armour are doing this remains a hot space the wednesday before thanksgiving is important because it's historically a cheery day for the market. but we also get existing home sales and this could be the worst, maybe the worst housing number, why? because an existing home involves one selling one to buy

a bigger home and giving up low single digit mortgage for one that may be over 5%. finally john deere reports and we're already hearing analysts chatter the cycle has peaked and it's all over but the crying, remember, the late cycle theme is what makes me so nervous about the feds' vigilance in raising rates. you don't take the late cycle and jam it down your throat, for heaven's sake. be careful, deere. we're still stuck on a tightrope but can the late cycle fears and the prospect of freezing tariffs and a pore prudent federal reserve which is going to win out? we won't know until we get a trade deal or the fed says the wait and see that, would be the prudent decision, not the rash way they're approaching it, we'll wait and see before we commit to three rate hikes next year now, it's very binary, hike or no hike, deal or no deal, except unlike the latter, this isn't a

game show. isabella and madison, twofer from new jersey. >> caller: boo-yah, mr. cramer i am 10 years old. >> caller: this is madison, i'm 11 our dad has an investment club with our friends and we've been watching videos of warren buffett and "mad money" which we love, boo-yah! >> boo-yah ♪ hallelujah >> caller: justice we love, a clothing store at the mall it's owned by a senior retail group. last october we invested in the stock when it was $2 and then went up to $4. yay. it's been the best stock in our portfolio. our question is should we hold it, sell it, buy more or find something new? for example, our brother and his friends bought fortnite but we

can't buy it because it's private. >> both: any advice for these new jersey girls to make some mad money? >> thank you for calling in. you girls are terrific ♪ hallelujah second, i think they're making a real comeback. it's a battleship, that thing f they turn around and it goes higher, i say stick with that one but can i ask you for your parents to get on for a sec? >> caller: this is tom >> tom, thank you so much. you just made my week. okay >> caller: we're having a ton of fun. we call the basement the boardroom and have eight girls and four boys and it's a lot of fun. >> i love you guys thank you. very hard week and i appreciate that and our whole team does we don't know if the bulls or bears will feast next week until we get a deal done or the fed says, hey, we're one and done. remember this, when you used to do that, those are happy days, weren't they anyway, on "mad money" the

stocks of activism take on and hit oz is the game over or is the game on? then the coca-cola and cannabis drink, i'm pouring over the details to see if it bubble up. plus, exploring the chip wreck. i'm talking nvidia bad day and horrible month down 30% in four weeks. bark, bark stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question, tweet cramer, #madtweets send jim an email at madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something, head to madmoney.cnbc.com. an august to remember,

starts with a december to remember at the lexus december to remember sales event. lease the 2019 es 350 for $399 a month for 36 months. experience amazing at your lexus dealer.

what the heck is wrong with the video game stocks? going into the fourth quarter wall street was incredibly bullish on the entire group and

longtime cramer fave although many investors gave up on the ailing electronics arts and figured they would be huge winners. gaming has become a major business sometimes you consider it because of at least take two for grand theft auto, it's bigger than hollywood and these companies should benefit from the rise of the stay at home economy. the rise of esports and micro transactions where they exchange real money for extra stuff in the game plus, agoty visicti vision was to be insanely popular call of duty ♪ hallelujah >> yet the stocks have been tossed into the wood chipper like steve buscemi near the end of "fargo. they lost 40% of its value and take two off 18% ea has come down 43% from its highs over the summer including a hideous 28% decline from the end of september first i figured the weakness

that was one part of the market's more general turn, i should say, revulsion, against growth names during the big breakdown last month people were selling all winners including take two interactive and activision other growth names have started to bounce. while those video game stocks keep falling, it's time to take a step back and try to figure out what the heck is going on here specifically, are take two and activision merely broken stocks that can be bought in weakness buy, buy, buy. >> or they've become broken companies that should be avoided at all cost. >> don't buy, don't buy. >> i'm not even bothering because that's been a trainwreck ever since the company reported an awful quarter in july including tepid numbers for their fifa soccer franchise and the new battlefield game that comes out next week. the answer turns out for this conundrum, it turns out it's a little complicated something has gone wrong at

activision and the ceo is a smart guy. something has gone wrong similar to electronic arts certainly but the smaller take two is doing great and it's insane the stock has been hit so hard getting a fabulous buying opportunity in take two but activision, hard pass. for ages publishers have been strong, activision has tripled take two's rallied more than 500 versus even electronic arts the worst house in a good neighborhood for awhile now is up roughly 250% over the same period then quarter day activision's plunge to nearly 51. take two has fallen also ac activision was go to release call of duty four and take two had redemption 2 coming out late last month

that's perhaps the most anticipated release since take two's last title grand theft auto 5 still selling well and take two had new releases for nba 2k and one more thing, like i mentioned earlier, electronics arts has been troubled since the summer and some expectation that take two and activision would be able to feast over the carcass in short the future looks bright the only fly in the ointment was the popularity of these battle royale games like fortnite owned by privately held companies as there was a fear they'd eat into sales for many of the big, new releases i always ask strauss zelnick about it he said the more the merrier first obviously there was the marketwide sell-off in early october i covered and laid low pretty much all the turbo-charged growth stock, the adobes of the world. there was nothing company specific about those declines. i could make something up but the truth is that all the news

about take two and acti vision was positive acti vision released a new call of duty game in okay and lots of quick reviews and buzz from gamers those who covered it for piper jaffray argued is might sell more than 25.5 million copies but that changed -- let's say it charged straight intoa brick wall on october 18th we got cold, hard number force call of duty they were okay the game generated more than 500 million in sales worldwide i'm sorry during its first three days and that would be an amazing number for any other company. but it wasn't the blow-out figure, 500 million in three days wasn't enough it wasn't what they were hoping for so it started to go that a tailspin and that in turn dragged down take two because the whole sector is tied together by etfs which means the stocks really trade in lockstep even when they shouldn't and

learned china was setting new restrictions on video game releases and end-game micro transingses which was a negative for everybody in the business. activision gets 23%, darn it, it gets 13% of its sales from china then for take two which only gets 6% from china finally at the very end of october, we got some fabulous news take two's redemption 2 lived up to the hype generating 725 million in sales over its first three days making it the second highest grossing launch of all time now, a little over a week ago we start getting earnings and painted a confusing picture. take two had better than expected sales and bookings and earnings and some massive margin expansion. the only negative was really small, the new nba 2k was soft and call me a pollyanna if you want they're simply trying to underpromise and overdeliver however, wall street got freaked out by the forecast and after

initially rallying 5% the stock gave up all its gains and closed down more than 5%. when we spoke to strauss zelnick on the show last week he told a compelling story he's done a terrific job over the years. i bet he can keep putting up fabulous results doesn't hurt that all of the preorders were counted as deferred revenue only recognized as actual revenues this current quarter so numbers should be huge unfortunately, the next day acti vision blizzard gave subopt num nums the company's key destiny franchise had a real shortfall but the worst part was their grim forecast for the next quarter. the stock plunged more than 12%. it's continued to go down since then, practically in a straight line because of that forecast. now, it didn't help that the company had their annual blizzard convention a couple of weeks ago which turned into a public relations fiasco when the company got its customers

excited about a new release and one of their most popular franchises diablo but turned out to be a mobile game they were outsourcing to some knockoff chinese developer. all this added the impression that maybe they have lost touch with their customer base because all these video game stocks trade together, etf kind of thing that just drives me crazy, take two keeps getting slammed and they fell more than 5% last friday and got hit harder until yesterday when it rebounded to 113 but still down dramatically from its highs. we made our choice between the two. i told you take two was the better buy then we added the stock to the bullpen for my charitable trust which you can follow along by joining the action alert club. i'm sticking by that take two is good and think the market agrees. for instance, nvidia reported a shortfall last night and looks like from their commentary that the gaming market which they make cards for might be slowing.

although the same chips are used for crypto currency which is collapsing so it's hard to tell. still, investors dumped ea and activision down 2% and 4% respectively take two didn't notice with the stock gaining 1% here's the bottom line, the market is clearly turned on the video game publishers and painting with a very broad brush. but take two's doing great i think you're getting terrific buying opportunities an every time take two gets dragged down by weakness at activision, i buy more let's go to mario in new jersey. mario. >> caller: hey, jim. big boo-yah to you. >> good to have you on the show. what's up? >> caller: i got a question, two questions. i bought at $47 a share on logitech is it still good and since i have time on my side should i hold on to it or should i cut my losses and look for something else to get back to even >> well, i think that cutting

your losses here is -- the stock is up 2% still probably going to give up that people are concerned about gaming they think it's slows. you'll probably catch downgrades the stock is going to hold probably in the 20s. can you take that risk i think it's okay. it may be game over for companies like activision blizzard and take two, the fun is just getting started. i'm sharing a coke with the beverage giant's ceo find out where the stock is headed next then nvidia had its worst day in more than a decade. good time to buy or is there more pain ahead? good news if the dog ate your homework i did it for you and it could make you some money. so stay with cramer. i consulted with your grandmother's doctor.

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have new innovations put the bubbles in the stock of coca-cola? all this late cycle talk about how we're nearing the end of the economic expansion, people are saying that everywhere but the ferdinand apparently and due for a slowdown it's not bad news for everyone in an environment like this investors search for safe havens, companies that can put up good numbers during a recession like coca-cola now, i've been doing the homework on coke i have to tell you there is an awful lot there is to like about this i was thrilled to check in with the ceo of the coca-cola company, james quincey, this morning at the stock exchange. take a look. all right, james, 6% growth. a remarkable acceleration. what's behind the transformation >> look, i think it's the sum of a lot of work over a number of years, i mean, we refranchised the bottlers and have a stronger foundation and reinvesting in our brands and broadening the portfolio so there's been some

momentum building and i think it's now five quarters we've been in a long-term growth model. the third quarter was a little flat but it's the sum of the strategies >> okay, lifting, shifting, scaling. i keep hearing that from you what does it mean? >> what it means, you know, the world is not quite flat. it's not flat enough for global brandss everywhere so we need to find the sweet spot between what is it that really works in a place that has portability so we can create global brands, regional brands or local brands that use the same chassis around the world with different approachs. >> okay, when i hear that what i think of is there's only one way to do it, digitality says. it signs like you have algos. >> i wish we had algos but digitalitization is big. it will change the nation and

who the customers are and change the way we operate you can actually see it marching across the world and the pace is really picking up and i think while tomorrow it's not different, in ten years' time this industry will fundamentally be different. >> when you have 27 million customer outlets how the heck can you digitize and personalize. >> we sell to each of them the sum of the bottling system, they know who the 27 million are. they literally are going to them every week, they're in a database so really it's about how we can leverage this incredible asset our bottlers have built to help sell more and grow faster. >> you figured out -- cracked the code diet coke zero, do you believe digit. who likes that besides my wife. >> and lots of other people. well, diet coke in the u.s. finally growing again? how? come on. we heard it was just something that is bad for you. >> no, it's a great product. it's a great product it's a safe product. we've reinvented it.

we've reinvented the can with cool flavors and reinvented the market thing and made it relevant we hadn't brought it into the 21st century we have 4 million new households and got brand indicators that are going up and that's while coke zero sugar did growing double digits and grew the fastest ever in the third quarter. >> amazing now this sounds like again a new strategy total beverage company costa, why did you spend $5.1 billion to get into a market that a lot of people think is real crowded. >> coffee, coffee is one of the biggest parts of beverages >> but you think total -- >> $500 billion market plus dollars and what's interesting is, yeah, there's the ready to drink with global leaders out of our asia business and at home piece through the supermarkets, through the modern trade but the biggest piece is in the meeting of consumption channels and while coffee shops exist the

biggest piece is the rest, helping other customers have a store in a store and executing coffee within other people's outlet something a big opportunity for them i think there's a lot of wide space to do a lot better around the world. >> starbucks is pretty good. i mean, can you go head to head or different -- you're talking about barista but talking about express which seems like a great business model. >> absolutely. our idea is not to go head to head the coffee shops are there and build the experience whether it's food service or partnering with customers to get store, the express is like the top end vending machine for coffee that gets a barista experience whether in a petrol station, at work, we have store in stores in cinemas, there's a massive opportunity to partner with customers to sell more coffee really high quality barista coffee in someone else's store. >> you talk about how american consumers like enhanced hydration.

you're talking about water, blowing it out >> yeah, water, i mean, water is expand nothing lots of different angles the premium water, sparkling water. i know we've talked about more toppo chica -- >> we've got to put in more capacity a fantastic opportunity in premium, sparkling lots of fragmentation with distilled water and the alkaline waters so it's becoming much more interesting and then there's enhanced hydration and made the investment in body armour very interesting and exciting -- >> are you going head to head with monster, your partner come on. arbitration april. >> yeah, yeah, we have a fantastic relationship -- >> was it a frenemy thing. >> we created a lot of value for them, us -- >> fantastic like when the president says he has that fantastic relationship with china, that kind of thing? >> no, to me it's like a

fantastic relationship as we're creating lots of value together. look how monster stock has done. we've created lots of value and have a disagreement on one piece and we said, look, let's not torture ourselves by extending the debate but do arbitration and find a way to move forward and create more value together. >> we'll do something that is different from the conference call we'll make it so you don't give me a 30-word answer. i have just spent time with a big liquor company, the largest, they say, okay, we have no choice, that's it. we have to do cannabis, the largest. we know that the big beer companies are in or have to be you dismissed it out of hand but if it were legal how could you avoid doing sparkling cannabis because that's what we want. >> more than a 30-word answer. >> i do. >> i have a simple way of thinking about ingredients including the cbd. not the active ingredient -- >> thc. >> the cbd, the way i think about ingredients is the following, is it legal is it safe and is it consumable

because they are three different things is it legal, it's not legal in the u.s. it's not even legal for beverages in canada yet. is it safe science is out we want -- we believe our consumers want to trust us that our beverages are safe and therefore we want to see consensus science built behind any ingredient whichever one it is and want to sell drinks people can drink each day so it's not like something you have once we want you to have one a day. if you can't cross those three things of legal, safe and consumable it's not an ingredient that's going to work for us. >> all right that's a rigorous better than dismissive answer. we keep hearing tariffs can hurt you. shortage of truck drivers, could coca-cola trade a thousand -- you can do anything. you're big you're bigger than the state department couldn't you train drivers worldwide wherever you need them this should not be a shortage problem for coca-cola. you're too big and too good. >> yeah, freight has been a problem in the u.s. for sure this year. >> let's solve it.

>> absolutely. we're working very hard on solving freight. it's been a big cost part of it was the change in the structure of regulation and how the drivers responded to the marketplace. >> thank you for saying it, the 00-hour rule hurt. >> it changed the way truck drivers wanted to make themself as valuable and sign up and now we have to adapt and working hard to do that. >> james, facebook is in the news you actually directly say facebook messenger worked really, really well in some parts. would you ever abandon it as a way to follow millennials. >> we'll follow them and follow the communication vehicles they use and we want to communicate with them so we use a broad, broad range of platforms >> last question, you're a worldwide ambassador coca-cola is a worldwide beverage what can coca-cola do to help the world? >> the way we see it is we're both global and local.

in any country you're in, almost 100% of everything you drink will have been made in that country. the way we see the goal and progress is, look, we don't believe in a perfect world and perfect people but things can be made better. let's move forward and build on rather than go backwards. >> you like to, you know, bring the world a coke >> bring the world a coke and a local coke with local jobs. >> it's working. you've done a great job. major. you're taking it to another level. that's my point. james quincey, the coca-cola president and ceo. james, congratulations on unbelievable quarters. >> thank you, jim.

welcome to emirates mr. jones. just sit back, relax and let us entertain you... ...with over 3,500 channels of entertainment,

including the latest movies and box sets from around the world. ( ♪ ) we even have live sports and news channels. ( ♪ ) and your free wi-fi will start shortly. enjoy your flight mr. jones. world's best inflight entertainment. fly emirates. fly better. every night i come out here and try to answer your questions. i've been doing 3,000 shows but sometimes you stump with a stock. i either don't know it or haven't been following that closely and because i'm a huge believer in the value of doing the homework, remember, i criticized some fed guy for not doing enough homework, i certainly have to do the homework and take my time and look into stuff and try to take it as seriously as possible. i do the research and come back to you with what i hope is a

well thought out answer. so why don't we catch up on some homework brittany called about usa technologies, i said i needed to refamiliarize myself before giving an opinion. usa technologies is a payment processing play. hot area and managed secure cash, mobile transactions for the self-service retail market, self-line checkouts at the supermarket. you would think this is phenomenal as the world is switching from paper to plastic and the ability to do your laundry with a credit card is ta big step up. it lets owners control these payment machines when you buy or lease their technology, you also sign up to pay a monthly fee while also giving the company a small cut of each transaction. think of it as yet another example of the razor/razor blade business model we love but the last time we got a homework question about it i told you to ma take a pass.

it seemed like the potential downside far outweighed any possible upside. it was at $9.30 when i made that call then it ran up to nearly $17 in august so i was too conservative but since then it's come plummeting back to earth and trades at $5 if it goes much lower we won't be able to talk about it on the show what caused this true meltdown when randy asked about usat it was near its highs i wondered maybe i had misjudged it in january. well, you know what, i'm glad we took our time because just four days after i got the question, usa technologies announced it would have to delay its annual report for the 2018 fiscal year because it was conducting an internal investigation into some of its contractual arrangements. well, sure enough the stock instantly lost 40% of its value. and since then you know what, it's kept going lower. then just this monday usa

technologies told us it wouldn't be able to file its latest quarterly report we haven't gotten any information about how the business is doing since may. today we learned that the company entered into some sort of consent agreement with jpmorgan over the delayed statements i think none of this sounds good regular viewers know my rule of thumb here accounting irregularities equals sell i'm going to repeat that accounting irregularities equals sell and that's one of the first rules that i had in my first book about how to own stocks i don't care about anything else next up, a question from daniel in california about a really interesting one called tpi composites tpic it's intriguing. they make composite material for wind mills and they're the largest maker of the wind blades in united states what can make -- what can be so

song to take all of that pressure you really need advanced materials for these things because they take an enormous amount of stress and they need to be engineered just to help generate the maximum amount of energy now a few weeks ago we gave you a stock with an overweight buy the thesization, underestimating tpi's potential. more and more windmill developers are outsosing production of blades the company has been racking up new contract wins and as tpi figures out how to make them longer there is a cycle going on when tpi composites reported last week wall street was not impressed. >> don't buy, don't buy. >> even though the company delivered a huge earnings speed its sales came in light. they were down, oh, so slightly year over year i am a little intrigued but tpi

has two negatives that make me want to run screaming from the stock. first this is an american company that gets nearly 40% of its sales from china if you believe president trump's latest that china wants to make a deal and our countries will be fine that'snot a problem but i you're concerned about the trade war, the hi jissue, it's bad fo tpi. the second issue, the company's largest customer is general election. >> the house of pain. >> and when i say largest i mean ge's ailing power business accounted for 45% of tpi's sales last year. now, the renewable energy business is one of the few bright spots for ge but when you put it together that's too many worries for this guy in order to buy tpi composites you need to believe we'll get a trade detente.

but at the moment i recommend staying away from any company like tpi that gets roughly 40% from china, 45% from ge. why give yourself the adjective? there are a lot easier ways to make money "mad money" is back after the brea (toni vo) 'twas the night before christmas, and all thro' the house. not a creature was stirring, but everywhere else... there are chefs, bakers and food order takers. doctors and surgeons and all the life savers. the world is alive as you can see, this time of the year is so much more than a bow and a tree. (morgan vo) those who give their best, deserve the best. get up to a $1,000 credit on select models now during the season of audi sales event.

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is sponsored by td ameritrade. it is time time for "the lightning round. >> buy, buy, buy >> and are you ready, skee-daddy let's go to steve in rhode island steve. >> caller: boo-yah, cramer from little rhodie. how are you? >> dynamite. >> caller: my question is regarding wynn resorts >> let's go to the next one and kentucky mansoor must be lucky. what you got >> caller: my question is about tesla. it had -- >> tesla the other day, the cars are beautiful. next, roger in minnesota roger. >> caller: hey, good afternoon, jim. i own a lot of shares in -- >> you should buy the stock.

we almost did today and almost pulled the trigger you can join the club for visa barrett. >> caller: hey, jim, thanks for having me on >> thank you >> caller: so, just regarding retailers reporting earnings next week are you bearish on the hole sector after recent earnings reports. >> i think the sector has to go down part of the fact that if the fed keeps tightening, what is the stock? >> caller: is a retailer like target -- >> target, i forgot to mention that i think target is doing okay but wouldn't buy until after they report tim in colorado. >> caller: hello, mr. cramer. >> yo, doctor. >> caller: boo-yah from beautiful boulder, colorado. your shouts of when you believe opco will turn the corner -- [ buzzer ] >> annette in colorado annette. annette. >> caller: hi. >> hi. >> caller: hi, jim

boo-yah. >> boo-yah >> caller: i'm calling from denver my question is about bed, bath & beyond. >> a guy just called from boulder and i said -- [ buzzer ] and bed, bath & beyond -- [ buzzer [. >> then is the conclusion of "lightning round." >> announcer: sponsored by td ameritra ameritrade >> got me. got me i got time for a lot more apples to throw around. there. take that. hold it just a sec i got one here here, boom and how about this one this one, we'll blind it first with a little frank's hot sauce. there. sorry about that we're sorting them like everyone else is doing. but right before the bear could pounce on it and me, i doused

the m&ms with the tabasco. the big old thing started gasping and huffing and -- not kidding. yep, td ameritrade'. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪ you mighyour joints...ng for your heart... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish,

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i bumped into some nice people today when i went to get a cappuccino one of them asked if i had to

rename my dog the one known as nvidia because of nvidia's disappoi disappointment last night which drove the stock down nearly 19%. >> no, no. >> i said, no, not to worry. i changed nvidia's name back to everest when i told people to ring the register on the stock back in the high 200s early last month when i predicted it would miss the quarter i told her i've been worry there had could be a shortfall because so much of the business was related to chips for crypto currency also. crypto mining turned into a fad i think they might be stuck with excess inventory and worried about it in the datacenter and a difficult transition ahead of them and that's why nvidia was back to being called everest who is a sweet knucklehead who is

dumb as a bag of hammers he doesn't watch the show so he will take to offense after this earnings shortfall, i think a lot of people are feeling like nvidia should rename itself everest because of their similar intellectual characteristics. i beg to differ. nvidia is more powerful than traditional micro processors you could argue amd is catching up to them in the datacenter while intel rivals them in self-driving vehicles. more important there are other aggrieved shareholders who believe nvidia knew there would be a shortfall and should have said something beforehand. i don't know i understand that but i think it's wrong too no real way for the company to know, whether crypto mining or gaming crypto seemed pretty dead three months ago but took a little longer for the true believers to

throw in the towel i was surprised analysts were so bullish. i think they made an honest forecasting mistake. given some of us saw it coming it was definitely avoidable. someone in the audience wanted to know how i could turn on nvidia just like that. i said, one, the charitable trust which you can follow along by joining action alert plus.com club we sure didn't want to turn a big game into a loss especially given the growing uncertainty in the end markets, you know what, that is exactly the opposite of what you need to do. and, two, in the end nvidia is a company and things can go wrong with a company i should have said you cannot fall in love with a stock. it's discuss a piece of paper. right now, if you didn't know nvidia, it's too soon to start buying it. two more quarters of inventory problems. if you own it recognize it

will be a long time before this thing can come back so if you can wait it out, you might want to, if only because nvidia still remains a great company. sadly they made some serious misjudgments about the level of demand for their product and for that nvidia is in the penalty box for a very long time and everest is happy playing with his new friend bob marley. tell you the truth he never answered to nvidia anyway. stick with cramer. ally want to , but you can't. at cognizant, we're helping today's leading media companies create more immersive ways to experience entertainment with new digital systems and technologies. get ready, because we're helping leading companies lead with digital. get ready, because we're helping leading companies

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& you start to panic... don't. because your cto says we've got allies on the outside... ...& security algorithms on the inside... ...& that way you can focus on expanding into eastern europe... ...& that makes the branch managers happy & yes, that's the branch managers happy. at&t provides edge-to-edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & when this happens you'll know how to quickly react... remember my view, i want another rate hike in december. then i'm asking for prudence i don't like rash behavior from people who haven't done their homework you do that one and then you wait and see what happen, okay you get rid of the dogma and stop with the ideology and become respectable and responsible which is what i am i always say that's a bull market somewhere i promise to find it right here for you on "mad money. i'm jim cramer i'll see you monday.

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